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Last Updated: Oct 11, 2026

No. of Questions: 87 Questions & Answers with Testing Engine

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Oracle 1z0-1054-24 Practice Q&A's

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Exam questions and verified answers that reflect the actual exam — that is the PracticeMaterial standard. Prepare with the 87 practice questions for the Oracle Financials Cloud: General Ledger 2024 Implementation Professional exam in our test engine, and 2026's 1z0-1054-24 exam will hold no surprises.

Oracle 1z0-1054-24 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: General Ledger 2024 Implementation Professional
Exam Number:1Z0-1054-24
Available Languages:English
Exam Price:$245 USD
Related Certifications:Oracle Financials Cloud General Ledger Implementation Professional
Exam Format:Multiple Choice, Hands-on Performance Based
Exam Duration:90 minutes
Certificate Validity Period:18 months
Real Exam Qty:50
Passing Score:Hands-on Challenges: 75%, Multiple Choice: 68%
Sample Questions: DOWNLOAD DEMO
Exam Way:Online proctored or test center
Pre Condition:Oracle recommends hands-on implementation experience with Oracle Financials Cloud General Ledger solutions.
Official Syllabus URL:https://education.oracle.com/

Oracle 1z0-1054-24 Exam Syllabus Topics:

SectionObjectives
Period Close and Reconciliation- Close Process
  • 1. Configure Close Monitor
  • 2. Manage Period Close
  • 3. Perform Revaluation and Translation
- Reconciliation and Consolidation
  • 1. Manage Reconciliations
  • 2. Manage Consolidation
Ledger and Accounting Configuration- Accounting Setup
  • 1. Manage Journal Approval
  • 2. Configure Posting Options
  • 3. Configure Journal Processing
- Ledger Configuration
  • 1. Manage Ledger Sets
  • 2. Configure Calendar and Currency
  • 3. Manage Primary and Secondary Ledgers
Intercompany and Journal Processing- Journal Management
  • 1. Create and Import Journals
  • 2. Manage Allocations and Periodic Entries
  • 3. Process Journal Approval and Posting
- Intercompany Transactions
  • 1. Manage Intercompany Reconciliation
  • 2. Configure Intercompany Balancing
Enterprise Structure and Financial Reporting Structures- Configure Enterprise Structures
  • 1. Define Ledgers
  • 2. Manage Business Units
  • 3. Configure Legal Entities
- Financial Reporting Structures
  • 1. Configure Chart of Accounts
  • 2. Create Account Hierarchies
  • 3. Manage Value Sets
Security and Reporting- Security Configuration
  • 1. Manage General Ledger Security
  • 2. Configure Data Access
- Reporting
  • 1. Generate Financial Reports
  • 2. Use General Ledger Balances Cube

Practical Answers About the Oracle Financials Cloud: General Ledger 2024 Implementation Professional Exam

The Oracle Financials Cloud: General Ledger 2024 Implementation Professional exam runs 90 minutes and contains 50 questions. That ratio is the real exam challenge: knowing the content is necessary, but pacing is what finishes it. Rehearse with full-length timed sessions in the PracticeMaterial test engine, and treat your pacing plan as seriously as your study plan.

Yes — PracticeMaterial provides a free demo of the Oracle Financials Cloud: General Ledger 2024 Implementation Professional questions and answers, available for download as a reference before you decide. After purchase, 365 days of free updates are included; once the year ends, you can extend the update service at a 50% discount from your member zone.

Delivery is quick and easy: two steps finish your order, and your 1z0-1054-24 product is emailed to your mailbox within one minute of payment — then just download the attachment. If nothing arrives within 2 hours, check spam and contact us for an immediate resend. On failure, the refund policy is specific: sit the corresponding 1z0-1054-24 exam within 60 days of purchase, and a fail qualifies you for a full refund — submit a scanned enrollment slip and the official Score Report PDF within 2 days after the exam, and the refund completes within 7 days. Excluded: attempts within 3 days of purchase, exams never actually taken, free materials, and expired orders — the candidate name must also match the payer name. Prefer to continue studying? Exchange your product for two free exam products of equal value, with update service kept on the original purchase.

Oracle recommends hands-on implementation experience with Oracle Financials Cloud General Ledger solutions. These rules are set by Oracle and can change, so confirm the current requirements on the official exam page: https://education.oracle.com/ before registering for the Oracle Financials Cloud: General Ledger 2024 Implementation Professional exam.

The 1z0-1054-24 exam is Oracle's official certification test, and passing it awards the Oracle Financials Cloud credential — a certification at the Professional level. Its career value is simple: certified professionals are the first shortlisted for better roles and promotions, which is why candidate numbers keep climbing. It also connects to Oracle Financials Cloud General Ledger Implementation Professional, extending its value across a wider credential path.

The Oracle Financials Cloud: General Ledger 2024 Implementation Professional syllabus spans 5 knowledge areas. The heaviest are Intercompany and Journal Processing, Security and Reporting, Enterprise Structure and Financial Reporting Structures. Match your study time to those weights — the full outline is listed in the section above.

Each Oracle Financials Cloud: General Ledger 2024 Implementation Professional attempt costs $245 USD, and the pass mark is Hands-on Challenges: 75%, Multiple Choice: 68%. A retake bills the full fee again, so the financially smart move is arriving overprepared. Use PracticeMaterial practice questions until your timed scores clear Hands-on Challenges: 75%, Multiple Choice: 68% comfortably, then book the 1z0-1054-24 exam once.

Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions:

Question #1

You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

  • A. Hierarchies for reporting and allocations have to be published to Essbase cubes.
  • B. Child values in these hierarchies can belong to only one parent.
  • C. Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
  • D. You can have only one version of a hierarchy published to the Essbase cube at any time.
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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Question #2

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

  • A. Define the intercompany segment with a default value.
  • B. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
  • C. Create two different value sets for the company and intercompany segments.
  • D. Share the same value set for the company and intercompany segments.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

Which two statements are true about infotiles and infolets?

  • A. You can create your own user-defined infolets.
  • B. Infolets are accessed only from the News Feed home page layout.
  • C. Infotiles have Front view. Back view, and Expanded view.
  • D. Infotiles pull data from a Smart View analysis.
  • E. You can refresh infolets to see up-to-date data.
Reveal Solution  Discussion  0

Correct Answer: C,E  🗳️

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Question #4

When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets.
When defining new related value sets, which three configuration steps should be considered?

  • A. Use table validated type value sets only
  • B. Order of the segments determines filtering sequence
  • C. Link two value sets together
  • D. Use independent validation type value sets only
  • E. Link multiple value sets together
  • F. Order of the segments does not determine filtering sequence.
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

Question #5

When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

  • A. Smart View
  • B. Financial Statement Generator
  • C. Account Inspector
  • D. Financial Reporting Studio
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).

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